Good wednesday morning, im Carl Quintanilla with Morgan Brennan and jon fortt. The president this morning set to tour the mac pro Assembly Plant with apple ceo tim cook. Eamon javers will raise the curtain on that this morning. Reporter youre playing just the two of us and it is going to be about just the two of them. The unlikely relationship between donald trump, the president of the United States, and tim cook, the ceo of apple cook has spent the past several months cultivating a relationship with donald trump largely, im told, by going through the trump family having conversations about technology with Melania Trump at dinner at the white house. Talking with ivanka trump about workforce issues hes cultivated that phone call relationship with the president. I asked the president why he seems to have such a good conversational ability with tim cook the president told me a couple of weeks ago, the reason is because cook is the one ceo in incorporate america who actually picks up the p
There. Chinese vice premier liu spoke with u. S. Trade representative Robert Lighthizer and treasury secretary steve mnuchin. The Ministry Says they discussed issues related to a phase one deal and agreed to maintain communication on the remaining issues in the phase one talks. So, we are still very much in phase one talks. Bumping up against that december 15th deadline, though. Right. When you are expected to see new tariffs go in. Right. Thats been the big question do they do it its obvious they dont want the tariffs put in will enough progress be made at that point to say, okay, we wont so you think maybe not a deal by december 15th, but maybe enough of a deal to be able to i dont know. China trade wars are so 2019. Pushing into i just think you need to just, when we talk about beyond and impossible meat, i think you need to look into the future a little bit i just think you need to anticipate, not react. I just think it helps. What do you think happens before december 15th do you t
He wants to work out a trade pact with the United States and has been trying to avoid a trade war but he also warned china is not afraid to retaliate when necessary. Eunice yoon joins us putting in his comments du jour. There is always something for those who think it is going to happen and then a qualifier. What do you think . That is right it is interesting that president xi jinping weighed in. This is the first time weve heard those remarks. Unfortunately, the content were not anything different from the standard government line about the trade discussions. He was speaking with a group of International Visitors including henry kissinger. His point was that china does want to have a phase one trade deal however there does need to be an understanding that u. S. And china are seen as equals and it has to be done with mutual respect. Thats what we had heard repeatedly what was also interesting was how he hinted at some of the tensions saying when it comes to the financial opening, china
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt they addressed the policy on political ads, the Company Remains under pressure about the election Elizabeth Warren says heres the thing, trump isnt just posting a lion his own page for his own followers, facebook is accepting millions of dollars from trump to run political ads, including ones with misinformation and outright lies. Joining us to breakdown the speech, response and more at post nine, early facebook investor, roger mcnamee, author of zucked. What were you most surprised by, rocker that he wanted to come out in public and say all of that to me, the tin ear is so extreme that if it hadnt been for all the other nonsense coming out of washington, it would be the only story people would be talking about today. At the end of the day facebook isnt actually having a Free Expression problem, it has an amplification problem, it has an issue of essentially because it uses micro targe
Price. Peloton fell sharply in the first day of trade, down another 5 endeavor pulled the plug on its offer late last night. A headline in the times asks is the ipo party over bob greifeld, chairman of virtue financial, and author of the book market mover. Lessons from a decade of change. Great to have you back happy friday great to be here. We would love you to help us draw a thread through some of the ipo pricing weve seen this week, the offers that have been pulled what should investors be keeping in mind right now . Well first, i would say we have to recognize the ipo market generated over 50 billion of capital this year. I remember back in 2003 when i started with nasdaq, we had zero ipos and zero dollars raised lets keep it all in context i also want to make clear you have a number of ipos that have come public which are not nyow making money peloton yesterday, their market cap is 10 billion thats about ten times revenue to me, when i hear and read about whats wrong with the ipo